Loss Mitigation performance at an award winning credit union

Loss mitigation Loans saved was a dollar measurement of delinquent loans becoming current at Elevations Credit Union, a US financial products and services provider and winner of the 2014 Baldrige National Quality Award. Strong relationships built by the loss mitigation team resulted in increased loans saved and ultimately fewer loan write-offs. Against a target of savings of loans valued at $5 million, Elevations mitigated losses to the value of $5 million in 2011, $6.6 million in 2012, and $6.8...

BPIR Categories

15.3.1 Financial performance
15.6.11 Financial management